IBM Buys "Red Hat" Open-Source Software Company for $34 Billion

IBM Acquires Red Hat to Target Cloud Computing Giants

Earlier this year, Microsoft acquired popular code repository hosting service GitHub for $7.5 billion, and now IBM has just announced the biggest open-source business deal ever.

IBM today confirmed that it would be acquiring open source Linux firm Red Hat for $190 per share in cash, working out to a total value of approximately $34 billion.

Red Hat, known for its Red Hat Enterprise Linux (RHEL) operating system, is a leading software company that offers open-source software products to the enterprise community. Even Oracle uses Red Hat’s source code for its Oracle Linux product

As more and more people jump on the Docker bandwagon, more and more people are wondering just exactly how we scale this thing. Some will have heard of Docker-Compose, some will have heard of Docker Swarm, and then there’s some folks out there with their Kubernetes and Mesos clusters.

Khosla Ventures and Y Combinator-backed open source Git repository GitLab is currently offline after suffering what appears to be a major backup restoration failure after accidentally deleting production data.

Khosla Ventures and Y Combinator-backed open source Git repository GitLab is currently offline after suffering what appears to be a major backup restoration failure after accidentally deleting production data.